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Budget airline shares jump on sunnier outlook for travel despite pandemic – CNBC

Sales came in ahead of estimates at both Spirit and Allegiant, and both discount airlines’ executives have touted an increase in demand recently.

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As losses mount for the aviation industry, executives at budget airlines are growing more upbeat, despite recent increases in coronavirus cases, touting their leisure-focused networks and fares that appeal to the most price-sensitive consumers.
Spirit, Allegiant and Southwest, which all have a focus on the U.S. market in common, are the only U.S. airlines up this month.
Spirit’s shares were up 8% in afternoon trading Thursday after the company beat revenue estimates, reporting a smaller-than-expected…

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